Question

LTE2 T L O 21. The cost price is Rs. 250 and selling price is Rs. 300 the profit percentage is OA) 10% O B) 12% O C) 18% OD) 20%​

Answer 1

Given :-

Cost price = 250

Selling price = 300

To Find :-

Profit %

Solution :-

We know that

Profit = SP - CP

Profit = 300 - 250

Profit = Rs. 50

Now

Profit% = Profit/CP × 100

Profit% = 50/250 × 100

Profit% = 1/5 × 100

Profit% = 20 %

Answer 2

Given :- The cost price is Rs. 250 and selling price is Rs. 300 the profit percentage is :-

A) 10%

B) 12%

C) 18%

D) 20%

Solution :-

→ cost price(CP) = Rs.250

→ selling price(SP) = Rs.300

since, SP > CP . so we have profit .

now,

→ Profit = SP - CP = 300 - 250 = Rs.50

now, we know that, profit and loss % is calculated on cost price .

then,

→ Profit % = Profit in Rs. * 100 / CP

→ Profit % = (50 * 100) / 250

→ Profit % = 20% (D) (Ans.)

Hence, Profit will be 20% .

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